Saturday, January 29, 2011

Guinness Anchor 2Q earnings up 47pct to RM64.63m



Profit up so much only declaring 10sen dividend. :(

KUALA LUMPUR: GUINNESS ANCHOR BHD’s earnings rose 47% to RM64.63 million in the second quarter ended Dec 31, 2011 from RM43.83 million a year ago as it sold more of its Tiger beer.

 
It said on Friday, Jan 28 that revenue rose 11% to RM421.41 million from RM378.13 million. Earnings per share were 21.40 sen compared with 14.51 sen. It declared a dividend of 10 sen a share.

 
Elaborating on the results, managing director Charles Ireland said: “The group’s performance is clearly reflective of the ever-increasing number of consumers choosing our brands and retailers choosing to work with GAB”.

 
He said the company’s investments in marketing and trade initiatives had successfully expanded their brand equity and market presence.

 
With brands Tiger, Guinness, Heineken, Anchor and Kilkenny under the company, he said Tiger was their biggest brand and “is growing very rapidly, well into the double digit growth rate”.

 
“We have been successful in combining our portfolio so that our brands neutrally enforce each other, like team players,” he said.

 
Ireland stated that their strengths came from the high-quality, successful marketing campaigns and the large scale of their programmes. For this year, he said the company had allocated more than RM50 million as capital expenditure.

 
On the prospects for the second half of the financial year ending June 30, 2011, he said GAB would “continue its robust performance”.

 
“I think we will sustain our momentum in the second half of the (financial) year. I think that on the half versus half basis there was a bit of a distortion with the timing of Chinese New Year… but it will still grow year-on-year,” he added.

4 comments:

David Chan said...

Can Genting Hong Kong be a long term stock ? I really want to know. I bought at US$0.52 and US$0.43. Pls comment.

horse said...

Dav,

your 1st intention when you purchase GHK is for long term keeping right ? once bought just keep lo, what other choice you have ?
after this is depending on its Q result and luck. Can't do much for now. if GHK reports good result, share price will go in tandem, if result miss expectation then you would expect selling pressure, simple as that. pay attention to Q result that is all you need to do.
just imagine that, now is CNY, we would expect many people will gamble during this season, so rightfully, the next Q would expect better result, then you can think of exiting after the next Q. something like that, coz, gambling business normally give better result during year end and 1Q of the year, coz is a festival & holiday season.

David Chan said...

Hi horse,

Thank for the advice. Would like to wish happy CNY to you.

Anonymous said...

Today, bought more RCE capital into portfolio, bought at 53.5sen. With these, i'm off the market now till next Monday.

Wish all happy CNY :D)

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